How to minimise the trading fee? | Bitcointalksearch.org

GregH37

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Quote from: rapsa2018 on May 01, 2019, 11:17:53 PM

Trading platform will be settled in trading fees so its already minimise for trading and for those traders must choose a good exchange and begin to start for their trade.

Yes you can minimize fee using these exchanges with high volumes, but the best of them if we are to fully minimize fee completely is Binance. Until now, there is still no trading platform that has the lowest trading fee than Binance, but the fees of these exchanges are not that much too for one to really feel it if one is making profit.

The major concentration should be on how to maximize profit from our trade and not trading fee, if we make good profit from our trade, we would find it easy to dash these exchanges whatever low fee they are requesting to take for the services rendered.

rapsa2018

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Trading platform will be settled in trading fees so its already minimise for trading and for those traders must choose a good exchange and begin to start for their trade.

samcrypto

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Quote from: ChrisPop on April 22, 2019, 09:11:03 AM

Quote from: yzha7982 on March 25, 2019, 08:05:18 PM

Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.

If you are trading big volumes you might be able to close some individual partnerships with the broker you are working with. They can offer you lower swap rates and commissions. But if you are trading with micro or mini-lots you are not likely to get a personalized fee package.

Bigger volumes might be more less on fees but you have to find a good deal. The fees is not actually high, its a lot more cheaper compare to stock market and other financial remittances so don't worry about the fees, it can be earn in just one hour believe me. Trading fees is normal for active trader, it can't be skip just think that its just your tip to the exchanges for serving you a great trading system and able you to make money.

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Quote from: bitbunnny on April 24, 2019, 01:00:30 PM

Quote from: shield132 on April 04, 2019, 01:51:56 PM

Seriously, does regulated exchanger really means better safety? Of course no, if exchanger is hacked, that's it, non regulation will help you and as far as I know they don't make any reserves, just share profits. Bittrex was hacked but users haven't received money, lately some bitcoins were returned totally.
If you trade with small amount, I think you won't see a fee which will hugely affect your profit, deal is to move on exchanger that has low fee and trade your best.

Regulation in sense of obligations of exchanges towards users would help. Similar like banks have the obligation to refund the loss of users in case their system is compromised in any way. So I would support more strict rules for exchanges as well as their obligations for better safety and security of their services and we are all aware that not all exchanges care equaly for that. Of course there is also protection of user's data.
On the other hand I think that fees of all exchanges are more or less in the same range so fees don't affect profit of traders that much.

Trading fees is a small percentage only, if you earn a decent income, you would not feel it.
Going back to regulation, it's necessary for centralized exchange as we are dealing with money here and its the government job to protect investors from fraud and their right to collect taxes or punish those who does money laundering.

However this regulation has also a bad effect to us, because if we all comply with KYC, we will loss our privacy, there is no difference then in opening an account in banks and trading in crypto.

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Quote from: shield132 on April 04, 2019, 01:51:56 PM

Seriously, does regulated exchanger really means better safety? Of course no, if exchanger is hacked, that's it, non regulation will help you and as far as I know they don't make any reserves, just share profits. Bittrex was hacked but users haven't received money, lately some bitcoins were returned totally.
If you trade with small amount, I think you won't see a fee which will hugely affect your profit, deal is to move on exchanger that has low fee and trade your best.

Regulation in sense of obligations of exchanges towards users would help. Similar like banks have the obligation to refund the loss of users in case their system is compromised in any way. So I would support more strict rules for exchanges as well as their obligations for better safety and security of their services and we are all aware that not all exchanges care equaly for that. Of course there is also protection of user's data.
On the other hand I think that fees of all exchanges are more or less in the same range so fees don't affect profit of traders that much.

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Quote from: bitcoinisbest on April 23, 2019, 12:16:36 AM

Quote from: mersal on April 04, 2019, 12:06:53 PM

Quote from: yzha7982 on March 25, 2019, 08:05:18 PM

Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.

sometimes it will be more higher than our expectation so on the time we had no chances to reduce the fees but in most of the times we have the plans make it successful with low trading fees so I think it will always come under your experience.

Search for the reputed exchanges and from that try to find out the fees which exchange charges and which is low. Instead of this people go for some newly opened exchange and at times get scammed or lose their coins as those exchanges gets vanish.

He does not have to even go that far in researching; everyone clearly knows the most reliable exchange for now, with great qualities and the lowest competitive fee ever in the history of exchange, which is Binance.

Everything his heart desires in an exchange has already been covered by Binance, the protection its users even get against fraud is something that is worthy of really taking note of, some of these other exchanges will only promise him heavens but in the end after transferring his fund, he would realize that they don’t meet up that much to expectation like they promised.

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Quote from: mersal on April 04, 2019, 12:06:53 PM

Quote from: yzha7982 on March 25, 2019, 08:05:18 PM

Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.

sometimes it will be more higher than our expectation so on the time we had no chances to reduce the fees but in most of the times we have the plans make it successful with low trading fees so I think it will always come under your experience.

Search for the reputed exchanges and from that try to find out the fees which exchange charges and which is low. Instead of this people go for some newly opened exchange and at times get scammed or lose their coins as those exchanges gets vanish.

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Quote from: edmundduke on April 22, 2019, 09:56:11 AM

Quote from: yzha7982 on March 25, 2019, 08:05:18 PM

Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.

I dont think the fees are high enough in most exchanges to have a real impact unless you trade very large amounts. As for an exchange, https://dassetx.com/#about should be pretty good. It is located in NZ and should be open to Australians aswell

In local exchange the fee will be slightly higher but I don't think trading fee will be a big impact on the profits for a trader because its just a fraction from the profits.So just concentrate on the best exchange and you will get better price which can be uselful to equalize that trading fee.

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This one is little more complicated. because even me still too confuse to know some of the exchanges that already have regulations, of course each country will have different perspectives on exchanges that already have regulations. for the fee itself, usually the fee is not too high only 0.01-0.1% and also the fee withdraw only has an estimate of 1-2$ even though some coins are just taken 0.1$

edmundduke

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Quote from: yzha7982 on March 25, 2019, 08:05:18 PM

Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.

I dont think the fees are high enough in most exchanges to have a real impact unless you trade very large amounts. As for an exchange, https://dassetx.com/#about should be pretty good. It is located in NZ and should be open to Australians aswell

tadpole_bitfrog

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Quote from: yzha7982 on March 25, 2019, 08:05:18 PM

Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.

You can't choose a perfect exchange like that. I think trading fee is higher than average, it is normal. The most important thing is the security level of exchange. If exchange has a gap, all your money will be lost and no one will be responsible for your money. I think you should trade in Binance and Kucoin, it's definitely very good exchanges.

ChrisPop

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Quote from: yzha7982 on March 25, 2019, 08:05:18 PM

Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.

If you are trading big volumes you might be able to close some individual partnerships with the broker you are working with. They can offer you lower swap rates and commissions. But if you are trading with micro or mini-lots you are not likely to get a personalized fee package.

Asmonist

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Find other options to minimize trading fees. You can also manage it by setting schedules of your trade. This is somehow cliche but its like having a scheduled trading time rather than having it anytime that costs you much.

XbladedThanos

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Just use some of the recommended Exchanges everybody uses Anything without a KYC should do the work and as for exchange fees most exchanges charge thesame so i will advice you dont bother yourself with that

Sum24

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Quote from: ?? on ??

Trading platform will be settled in trading fees so its already minimise for trading and for those traders must choose a good exchange and begin to start for their trade.

Right we are earning so big from trading so we should have guts to pay the fees on time, there is nothing so bad in paying our fees because it improves our transaction time and it gives us safe transaction, there are many other sites but we will have to wait for more than one day to receiver our transaction it allows only two coins a time, so better pay your fees on time.

shield132

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Seriously, does regulated exchanger really means better safety? Of course no, if exchanger is hacked, that's it, non regulation will help you and as far as I know they don't make any reserves, just share profits. Bittrex was hacked but users haven't received money, lately some bitcoins were returned totally.
If you trade with small amount, I think you won't see a fee which will hugely affect your profit, deal is to move on exchanger that has low fee and trade your best.

perla

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Quote from: yzha7982 on March 25, 2019, 08:05:18 PM

Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.

Trading fee, maybe you bnetter to open all exchanges in your country and compared each other then pick a decision. If in my local exchanger maybe if i be taker, trading fee is not high as maker. So i only put order and wait my order to get hit by someone.

mersal

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Quote from: yzha7982 on March 25, 2019, 08:05:18 PM

Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.

sometimes it will be more higher than our expectation so on the time we had no chances to reduce the fees but in most of the times we have the plans make it successful with low trading fees so I think it will always come under your experience.

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Quote from: lovesybitz on April 04, 2019, 10:51:08 AM

Quote from: yzha7982 on March 25, 2019, 08:05:18 PM

Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.

In every exchange platform they had their own level percentage in terms of transaction charge. Just like for example in bitrabbit they have 0.0005BTC fee of charge, while in kucoin was 0.001BTC and for IDAX same with kucoin something like that. So I doubt that coss is a good token to be hold in a long term.

You didn't understand the original post or didn't bother to read it. We're talking about the trading fees and not the transaction fees.
Back to the topic, I think Coinbase Pro is the cheapest option around and it's a regulated exchange like the OP is looking for. I'm using Kraken, it has a 0.16%/0.26% fee structure

lovesybitz

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Quote from: yzha7982 on March 25, 2019, 08:05:18 PM

Any recommendations?
Currently in Australia, I would like to seek for an exchange platform with lowest trading fee but also with regulation.
Don't shoot the unregulated exchange to me, I hope my currency to be safe.

In every exchange platform they had their own level percentage in terms of transaction charge. Just like for example in bitrabbit they have 0.0005BTC fee of charge, while in kucoin was 0.001BTC and for IDAX same with kucoin something like that. So I doubt that coss is a good token to be hold in a long term.

Topic: How to minimise the trading fee? (Read 675 times)